Recent

% | $
Quotes you view appear here for quick access.

Nokia Corporation Message Board

  • phands.theheretic5 phands.theheretic5 Sep 20, 2012 8:35 AM Flag

    Investors Growing Tired of Nokia's Elop, Eye Android Escape Route

    wwwDOTdailytechDOTcom/article.aspx?newsid=27729

    Summary: Nokia is fukked...elop is garbage, and M$ is toxic....


    Magnus Rehle, a senior partner at telecom advising firm Greenwich Consulting, tells Reuters in an interview, "Elop has not been able to attract customers and that is what counts. You can say that he has not had enough time, but he has been there for two years. Time is up."

    He's referring to Nokia Oyj. (HEX:NOK1V) CEO Stephen Elop, the former Microsoft Corp. (MSFT) executive who now leads the embattled Finnish phonemaker.

    Patience with Mr. Elop is wearing thin among investors. Danske Invest Finnish Equity Fund is one large Nokia shareholder. Juha Varis one of the fund's members comments, "The Christmas season is a lost cause. For Nokia, if there is any chance, it will be Spring. The beginning of next year may be the final judgment. I think that maybe the end of the first quarter is the marking point."

    Nordea analyst Sami Sarkamies comments, "He has been making some brave decisions and courage is something this company has lacked for a long time before Elop joined. His starting point was really weak and it's hard to say someone else would have done a better job."

    But Reuters reports that even Mr. Sakarmies views Q1/Q2 2013 as the point at which Nokia must turn the quarter or show Mr. Elop the door.

    Nokia's failures are correlated to Microsoft's Windows Phone platform, but responsibility for causation doesn't necessarily rest on the shoulders of Mr. Elop's decision to go Windows Phone. Rather, it was arguably from making the decision to early (perhaps) and taking a bizarrely long time to get Windows Phone product to market.

    Now Nokia's Windows Phone 8 lineup is facing stiff competition from HTC Corp. (TPE:2498) and Samsung Electronics Comp., Ltd. (KSC:005930) who previously had paid little interest to the platform. At the same time Apple, Inc. (AAPL) and Samsung's Android lineup are consistently outselling Nokia's Lumia Windows Phones.

    The question is what should Nokia do? Some like Mr. Rehle believe Nokia should ditch Windows Phone and use Android. A switch to Android would certainly lower costs, but at a price. First, Nokia would lose its payments from Microsoft. Second, abandoning Microsoft for Google Inc.'s (GOOG) open source OS could lead to some big legal risks, given Apple and Microsoft's aggressive litigation history (Nokia does have a cross-licensing deal with Apple, but its exact scope is unclear).

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
NOK
7.25-0.09(-1.23%)2:37 PMEDT